High Purity Quartz Limited

Investment Highlights

Project to supply a scarce and critical mineral, Ultra High Purity Quartz Sand (UHPQS), into the growing solar PV supply chain.

Strong ESG Credentials leveraged to Green-Tech, Hi-Tech thematic and fully aligned with Australia’s Critical Minerals Strategies.

Pre-Feasibility Study (PFS) has recently been completed supporting a post-Tax project NPV10% of A$990million. Fully ramped annual revenues of A$800M with +50% Ebitda margins. IRR 32%.

An investment was secured from a major institutional investor prior to completion of the PFS Study, reflecting strong external confidence in HPQ’s project and alignment with critical minerals strategy.

The vendor holds 17,574 shares (1.46%) in the Company and was an early-stage investor in the Company. They have seen a significant uplift in value since their initial investment but would now like to sell their shares to enjoy their later years of life. The Vendor believes an incoming investor also has the opportunity to realise a significant return on their investment given the Company’s potential future value if it successfully achieves ongoing milestones.

While expressions of interest from multiple parties are welcome, preference will be given to a single larger investor seeking to acquire the full parcel. Partial offers may still be considered at the vendor’s discretion.

Company Overview

High Purity Quartz Limited (UltraHPQ) is a public, unlisted Australian company established in 2016. The company focuses on acquiring and developing quartz resources capable of producing ultra-high purity quartz sand (UHPQS)—a key input in the manufacturing of silicon wafers used in solar PV cells and semiconductors.

Strategic Alignment

UltraHPQ’s strategy aligns with both the Australian Federal Government and Queensland State Government critical minerals strategies.
The company received Federal Government support through the Critical Minerals Development Grant during the Pre-Feasibility Study (PFS) stage, recognizing the potential strategic importance of the project.

Project Location & Infrastructure

Allocated 26 hectares of land at the Lansdown Eco-Industrial Precinct (LEIP) near Townsville—Queensland’s critical minerals processing hub.
LEIP benefits from co-funded infrastructure development by Federal and State government agencies.
A pre-processing site has also been identified, with potential for tailings disposal and potential for supporting infrastructure.

Resource Quality & Classification

UltraHPQ’s resources potentially supports production of:

“Champagne Quartz” – ultra-high purity quartz (UHPQS), globally scarce and classed as a critical mineral.
“Beer Quartz” – suitable for production of Metallurgical Grade Silicon (MG-Si), a less scarce but still valuable output.

The company holds a “Champagne Quartz” deposit under granted mining lease in Queensland, drilled to JORC standards, with multiple large-scale exploration targets to be drilled commencing in 2025.

Technical Capabilities

Independent test work confirms the ability to produce fine-grain quartz sand to stringent purity specifications.
Simple quarrying process from a surface outcropping ore body. Pre-processing site identified with potential for tailings disposal and supporting infrastructure.
An Advanced Processing Plant at LEIP is planned, with key assumptions derived from the recently completed PFS including:
- 36,000 tonnes per annum (ktpa) finished product capacity.
- 35% yield of saleable product from Run-of-Mine (ROM) material.
Project team brings expertise in advanced processing for solar-grade UHPQS production.

Market Outlook

Demand and pricing for UHPQS are rising due to:
- Limited global supply.
- Strong growth in solar PV and electronics markets.

Business Model & Financials

Operates a low-volume, high-value business model with a small ecological footprint.
Estimated capital expenditure (capex) of A$525M to commence production by Q1 2028.
Pre-Feasibility Study (PFS) has been completed supporting a post-tax project NPV10% of A$990M. Fully ramped annual revenues of A$800M with +50% Ebitda margins. IRR 32%.

Funding Pathway

Multiple funding options are in place, including:
- under potential offtake agreements
- under Government agency grants programs
- from potential private equity investments

High Purity Quartz Limited

Solar PV Critical Minerals Supply Chain

Energy & Renewables

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